Retirees drawing funds from their pension could see their income limit fall from 1 July. Here’s what you need to know and what action you can take to prevent a drop in retirement earnings. Falling government bond (gilt) yields have impacted annuity rates and from 1 July, it could also see investors in capped drawdown receive a lower annual income. Below we explain more on capped drawdown, how the gilt yield changes can affect income levels and what can be done. Capped drawdown
Before the dawn of pension freedoms, workers heading into retirement typically opted for an annuity, which […]
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